Updated Nov 8, 2026
The Bascom Group Secures $62.5 Million Refinance From Prime Finance For Multifamily Property In Denver
4900 South Syracuse Street
$62,500,000
Units
275
Asset Type
MultiFamily
Closing
Nov 6, 2026
About this deal
AI
The property involved in this transaction is Viceroy Observatory Park, a 275-unit multifamily asset located at 4900 South Syracuse Street in the Denver, CO market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $62,500,000
- Lender: Shawn Cully & Roy Bezkostny - Prime Finance
- Landlord: The Bascom Group
- Broker Representatives: Jamie Kline & Kyle White - JLL
- Loan Type: Refinance
- Loan Date: 11/06/2026
The financing secured by The Bascom Group from Prime Finance indicates the company's involvement in the multifamily sector, showcasing their operational strategy. The transaction was facilitated through the brokerage services of Jamie Kline and Kyle White from JLL, underscoring their role in supporting this refinancing deal.
On the Map
$62,500,000
MultiFamily
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Players
Denver MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93